Sentinel Real Estate Acquires 276-Unit Jacksonville Apartment Community
Sentinel Real Estate Corp. has acquired Bainbridge Town Center East, a 276-unit multifamily property in Jacksonville. The sales price was not disclosed.
Units at the property range from one to three bedrooms and feature wood-style flooring in kitchens and living rooms, modern kitchens with designer white cabinetry, ceramic tile backsplashes, quartz countertops and stainless-steel appliances. Community amenities include a saltwater pool with sundeck and cabanas, a poolside lounge area, grills, a hammock grove, 24-hour fitness center, yoga studio and private training room, community lounge with cyber café, game room with shuffleboard and billiards as well as a dog park.
“We recognized the opportunity to acquire a newly-built, stabilized multifamily property in a high-growth market that is supported by excellent long-term fundamentals,” said Michael Streicker, President at Sentinel. “Drift at Town Center East is located in a highly desirable but severely supply-constrained market, with only one other multifamily community expected to be delivered within three miles of the property over the next two years. This, combined with its optimal location and attractive amenities, presents qualities that we believe will continue to make the property a desirable option for area residents.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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